FedEx (FDX) Q4 2025 10-Q Quarterly Report
FedEx (FDX) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Dec 18, 2025 for the fiscal period ending Nov 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
FedEx Q4 2025 10-Q Analysis
Management Discussion & Analysis
- • No quarterly revenue or YoY change figures disclosed in MD&A section
- • No profitability or margin % figures provided or compared YoY
- • No segment or product line financial performance metrics presented
- • Voluntary pension contributions $200M in H1 FY26; anticipated additional $75M for remainder of FY26
- • Management highlights aircraft modernization with fuel-efficient Boeings, stable credit ratings, and dividend $1.45 per share declared; discusses multiple industry and operational risks affecting near-term outlook
Risk Factors
- • New separation costs risk: $152M second quarter and $161M first half 2026 costs related to planned FedEx Freight spin-off, absent in prior year periods
- • Material update operational risk: FedEx Freight operating income down 71% Q2 2026 vs Q2 2025 due to spin-off costs, lower demand, higher wages and intercompany charges
- • Regulatory/compliance risk: Increased customs-related brokerage fees driven by changes to de minimis exemption and global trade policy impacts
- • Market risk: FedEx Freight volume down 4% Q2 2026 amid macroeconomic weakness, trade policy uncertainty, and excess LTL capacity
- • Financial risk: Cash and cash equivalents increased to $6.6B at Nov 30, 2025; €850M senior unsecured debt issued Q1 2026, partly used to repay €500M notes at maturity
FedEx Q4 2025 Quarterly FinancialsXBRL
Revenue
$23.5B
▲ +6.8% YoY▲ +5.5% QoQ
Net Income
$956M
▲ +29.0% YoY▲ +16.0% QoQ
Operating Margin
5.9%
▲ +108bp YoY▲ +54bp QoQ
Net Margin
4.1%
▲ +70bp YoY▲ +37bp QoQ
ROE
3.4%
▲ +60bp YoY
Total Assets
$89.2B
▲ +4.3% YoY
EPS (Diluted)
$4.04
▲ +33.3% YoY▲ +16.8% QoQ
Operating Cash Flow
$2.0B
▲ +48.0% YoY▲ +13.7% QoQ
Source: XBRL data from FedEx Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.
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